Bitcoin
Bitcoin (BTC)
$63,903.00 1.66254
Bitcoin price
Ethereum
Ethereum (ETH)
$3,434.15 2.75664
Ethereum price
BNB
BNB (BNB)
$573.44 3.2262
BNB price
Solana
Solana (SOL)
$156.76 2.98169
Solana price
XRP
XRP (XRP)
$0.5470030 2.67181
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000192 5.46584
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 24.79168
Pepe price
Bonk
Bonk (BONK)
$0.0000269 9.1769
Bonk price
Bitcoin
Bitcoin (BTC)
$63,903.00 1.66254
Bitcoin price
Ethereum
Ethereum (ETH)
$3,434.15 2.75664
Ethereum price
BNB
BNB (BNB)
$573.44 3.2262
BNB price
Solana
Solana (SOL)
$156.76 2.98169
Solana price
XRP
XRP (XRP)
$0.5470030 2.67181
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000192 5.46584
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 24.79168
Pepe price
Bonk
Bonk (BONK)
$0.0000269 9.1769
Bonk price
Bitcoin
Bitcoin (BTC)
$63,903.00 1.66254
Bitcoin price
Ethereum
Ethereum (ETH)
$3,434.15 2.75664
Ethereum price
BNB
BNB (BNB)
$573.44 3.2262
BNB price
Solana
Solana (SOL)
$156.76 2.98169
Solana price
XRP
XRP (XRP)
$0.5470030 2.67181
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000192 5.46584
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 24.79168
Pepe price
Bonk
Bonk (BONK)
$0.0000269 9.1769
Bonk price
Bitcoin
Bitcoin (BTC)
$63,903.00 1.66254
Bitcoin price
Ethereum
Ethereum (ETH)
$3,434.15 2.75664
Ethereum price
BNB
BNB (BNB)
$573.44 3.2262
BNB price
Solana
Solana (SOL)
$156.76 2.98169
Solana price
XRP
XRP (XRP)
$0.5470030 2.67181
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000192 5.46584
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000121 24.79168
Pepe price
Bonk
Bonk (BONK)
$0.0000269 9.1769
Bonk price

Total crypto liquidations close to $100m while BTC dips

total-crypto-liquidations-close-to-100m-while-btc-dips
Edited by
News
Total crypto liquidations close to $100m while BTC dips

Bitcoin (BTC) dipped below the $30,000 mark as the total crypto liquidations reached almost $98 million in the past 24 hours. The fall in BTC price comes a day after the largest cryptocurrency hit a 10-month high.

Bitcoin is down by 0.2% in the past 24 hours. It was trading at around $29,990 in the morning but then recovered to $30,000. Moreover, the asset dropped to around $29,860 at 03:00 UTC, per crypto.news data.

Total crypto liquidations close to $100m while BTC dips - 1
BTC price chart – April 12 | Source: crypto.news
https://twitter.com/glassnodealerts/status/1646064420290809857?s=20

While the bitcoin price fell below the crucial mark of $30,000, its number of spent outputs rose to above 625, marking a one-month high, per Glassnode data. In another tweet, the data provider shows that the number of BTC withdrawals from the exchanges has hit a one-month low of roughly 2,356.

https://twitter.com/glassnodealerts/status/1646079599426543616

Furthermore, Coinglass data shows that the total crypto liquidations are down by 43.4% from yesterday’s $171 million. Of this tally, BTC liquidations account for only $942,000 at the time of writing.

Total crypto liquidations close to $100m while BTC dips - 2
Total crypto liquidations – April 12 | Source: Coinglass

Per Coinglass, the total liquidations on exchanges have hit $98.25 million in the past 24 hours — $68.42 million in longs and $29.83 million in short trades — which might be one of the reasons behind the recent bull run. 

On the other hand, the total crypto market cap dropped from its local top of $1.244 trillion on April 11 to $1.222 trillion at the time of writing, according to CoinMarketCap (CMC) data.